503 S Graceland AveClaypoolIN46510
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Claypool at 503 S Graceland Ave, Claypool, IN, 46510 uses $66,267 cash to close to unlock $4,133/yr annual cash flow and $344/mo monthly cash flow. Total monthly income runs $1,544/mo, and a $978/mo payment keeps the spread at $344/mo. Purchase price stands at $199,900, and rental yield measures 9.27% with $1,544/mo rent. Return on cash invested shows 26.15% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 136.09% and total cumulative return in cash records $90,181. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,544/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46510, Claypool, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,731 (100%) |
| Owner Occupied HU | 1,156 (66.8%) |
| Renter Occupied HU | 208 (12.0%) |
| Vacant Housing Units | 367 (21.2%) |
| Median Home Value | $251,603 |
| Average Home Value | $333,852 |
Housing Distribution
Address Breakdown
Residential
1,315
Single Family
1,315
Multi-Family
0
Businesses
27
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Listed by: Savannah Lopez • The Gingerich Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521971
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.